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Economic News

Côte d’Ivoire accelerates value-added growth as cashew processing reaches record levels

Côte d’Ivoire is making significant progress in its drive to transform its agricultural sector, with the cashew industry emerging as one of the country’s most notable industrial success stories.

The world's largest producer of raw cashew nuts generated more than 1 trillion CFA francs in export revenues in 2025 while inc...

Published on Jun 25, 2026

Murphy Oil discovery strengthens Côte d’Ivoire’s emergence as a major offshore energy frontier

Côte d’Ivoire’s ambitions to become a leading energy hub in West Africa received a fresh boost after U.S.-based Murphy Oil announced a new offshore hydrocarbon discovery, further reinforcing confidence in the country’s rapidly expanding petroleum basin.

The discovery adds to a growing series of successful explorat...

Published on Jun 25, 2026

Côte d’Ivoire strengthens financial credibility as debt outlook improves

Côte d’Ivoire is reinforcing its position as one of West Africa’s most resilient economies after recent assessments highlighted continued progress in public finance management, debt sustainability and economic reform.

The development comes just days after the International Monetary Fund (IMF) approved the latest reviews...

Published on Jun 25, 2026

Côte d’Ivoire secures IMF endorsement as economic reforms gain international recognition

The International Monetary Fund (IMF) has approved the latest reviews of Côte d’Ivoire’s economic reform programme, paving the way for a disbursement of approximately $832.8 million and reinforcing investor confidence in one of West Africa’s fastest-growing economies.

The decision follows the successful completion...

Published on Jun 25, 2026

African agriculture: Bruno Nabagné Koné calls for stronger agricultural sovereignty

The Minister of Agriculture, Rural Development and Food Production, Bruno Nabagné Koné, has called for stronger agricultural sovereignty in Africa during the opening of the 12th Regional Workshop dedicated to the implementation of projects by the International Fund for Agricultural Development (IFAD) in West and Central Africa (WCA...

Published on Jun 23, 2026

Côte d’Ivoire announces new offshore oil discovery on CI-709 block

The Ministry of Mines, Petroleum and Energy announced in a statement dated June 22, 2026, a new hydrocarbon discovery made by Murphy Côte d’Ivoire in partnership with PETROCI Holding on the CI-709 offshore block.

This development follows the drilling of the Bubale-1X well, which began in late February 2026. The well reached a...

Published on Jun 23, 2026

Côte d’Ivoire – Netherlands: strengthening a strategic partnership for sustainable agriculture and development

“Our ambition is to support Côte d’Ivoire towards more productive agriculture,” says H.E.M. Jeroen Kelderhuis, Ambassador of the Kingdom of the Netherlands in Côte d’Ivoire, in an interview he granted us. During our discussions, he highlighted the priorities of Dutch cooperation: technological innovation, capa...

Published on Jun 23, 2026

Finance: MCB, a major Mauritian bank, considers expansion into Côte d’Ivoire

The Mauritius Commercial Bank (MCB), the oldest and largest banking group in Mauritius, is planning to establish a presence in Côte d’Ivoire. A delegation from Mauritius, led by the Honorary Consul of Mauritius in Côte d’Ivoire, Frédérique Lam, was received on June 18 in Abidjan by the Minister of State for...

Published on Jun 23, 2026

Côte d'Ivoire: Cashew sector bets on biochar to create higher added value

Côte d’Ivoire is the world’s leading producer of cashew nuts and the third-largest processor, after Vietnam and India. This industrializa...

Published on Jun 22, 2026

Côte d’Ivoire: Meet the Three Recruits Tasked with Turning Boundiali into a Gold Mine

In Côte d’Ivoire, Aurum Resources is beginning to assemble the team responsible for transforming its Boundiali project into...

Published on Jun 22, 2026